Why is CapitalNumbers falling/rising?
As of 01-October, CapitalNumbers Infotech Ltd's stock price is Rs 115.00, down 3.44%, and has underperformed its sector by 4.19%. Despite a 1.68% gain over the past month, recent trading indicates a bearish trend with significant declines in investor participation.
As of 01-October, CapitalNumbers Infotech Ltd is experiencing a decline in its stock price, currently at Rs 115.00, which represents a decrease of Rs 4.1 or 3.44%. The stock has underperformed its sector by 4.19% today, touching an intraday low of Rs 115. The trading activity indicates that the stock is below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 58.08% compared to the 5-day average. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, the stock has shown a decline of 6.28% over the past week, while the benchmark Sensex has only decreased by 0.90%, indicating a notable underperformance relative to the market. Over the past month, however, CapitalNumbers has gained 1.68%, contrasting with the Sensex's modest increase of 0.77%. This suggests that while the stock has had some recovery in the longer term, its recent performance has been weak compared to both its sector and the broader market.
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